{"id":764,"date":"2014-10-28T07:34:29","date_gmt":"2014-10-28T11:34:29","guid":{"rendered":"http:\/\/olduvai.ca\/?p=764"},"modified":"2014-10-28T07:34:29","modified_gmt":"2014-10-28T11:34:29","slug":"china-fake-invoice-evidence-mounts-as-hk-figures-diverge-bloomberg","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=764","title":{"rendered":"China Fake Invoice Evidence Mounts as HK Figures Diverge &#8211; Bloomberg"},"content":{"rendered":"<p><a href=\"http:\/\/www.bloomberg.com\/news\/2014-10-27\/china-fake-invoice-evidence-mounts-as-hong-kong-figures-diverge.html\">China Fake Invoice Evidence Mounts as HK Figures Diverge &#8211; Bloomberg<\/a>.<\/p>\n<p style=\"box-sizing: border-box; margin-top: 0px; margin-bottom: 28px; font-size: 1.1em; line-height: 1.3125em;\">The gap between\u00a0<a style=\"box-sizing: border-box; cursor: pointer; color: #003399; text-decoration: none; outline-style: none; outline-width: initial; outline-color: initial; font-family: akzidenz-grotesk-std-bloom, Arial, Helvetica, sans-serif; font-style: normal; font-weight: bold;\" href=\"http:\/\/topics.bloomberg.com\/china\/\">China<\/a>\u2019s reported exports to Hong Kong and the territory\u2019s imports from the mainland widened in September to the most this year, suggesting fake export-invoicing is again skewing China\u2019s trade data.<\/p>\n<p style=\"box-sizing: border-box; margin-top: 0px; margin-bottom: 28px; font-size: 1.1em; line-height: 1.3125em;\">China recorded $1.56 of exports to Hong Kong last month for every $1 in imports Hong Kong registered, leading to a $13.5 billion difference, according to government data compiled by Bloomberg. Hong Kong\u2019s imports from China climbed 5.5 percent from a year earlier to $24.1 billion, figures showed yesterday; China\u2019s exports to Hong Kong surged 34 percent to $37.6 billion, according to mainland data on Oct. 13.<\/p>\n<p style=\"box-sizing: border-box; margin-top: 0px; margin-bottom: 28px; font-size: 1.1em; line-height: 1.3125em;\">While China\u2019s government has strict rules on importing capital, those seeking to exploit\u00a0<a style=\"box-sizing: border-box; cursor: pointer; color: #003399; text-decoration: none; outline-style: none; outline-width: initial; outline-color: initial; font-family: akzidenz-grotesk-std-bloom, Arial, Helvetica, sans-serif; font-style: normal; font-weight: bold;\" href=\"http:\/\/topics.bloomberg.com\/yuan\/\">yuan<\/a>\u00a0appreciation can evade the limit by disguising money inflows as payment for goods exported to foreign countries or territories, especially Hong Kong. The latest trade mismatch coincided with renewed appreciation of China\u2019s currency, leading analysts at banks and brokerages including Everbright Securities Co. and Australia &amp; New Zealand Banking Group Ltd. to question the export surge.<\/p>\n<p style=\"box-sizing: border-box; margin-top: 0px; margin-bottom: 28px; font-size: 1.1em; line-height: 1.3125em;\">&#8230;click on the above link to read the rest of the article&#8230;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>China Fake Invoice Evidence Mounts as HK Figures Diverge &#8211; Bloomberg. The gap between\u00a0China\u2019s reported exports to Hong Kong and the territory\u2019s imports from the mainland widened in September to the most this year, suggesting fake export-invoicing is again skewing China\u2019s trade data. China recorded $1.56 of exports to Hong Kong last month for every [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[130,131,190,191,293,403,404],"class_list":["post-764","post","type-post","status-publish","format-standard","hentry","category-economics","tag-china","tag-china-exports","tag-data","tag-data-manipulation","tag-fake-data","tag-hong-kong","tag-hong-kong-imports"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/764","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=764"}],"version-history":[{"count":0,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/764\/revisions"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=764"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=764"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=764"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}